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Early Bid Holds

US TSYS

TYH2 holds onto the early Omicron-fuelled bid, last +0-06+ at 130-25+, with cash Tsys running 1-2bp richer across the curve, led by the 5- to 10-Year zone. There hasn’t been much in the way of notable tier 1 headline flow outside of the detection of the 5 cases of the Omicron COVID variant across NY state (with cases in Suffolk County, Queens & Brooklyn). TYH2 operates in a 0-07 range thus far. E-minis trade ~0.3% lower on the Omicron in NY news.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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